Maravai Life Sciences Cuts 25% of Workforce

Dow Jones

2025/08/12

By Natalie Weger

Maravai LifeSciences plans to cut 25% of its workforce.

The company's management committed to the workforce reduction on Friday as part of an organizational restructuring, the San Diego-based life sciences company said Monday.

Maravai is expected to incur restructuring and related costs between $8 million and $9 million. These costs consist primarily of employee severance and benefits costs, the majority of which Maravai expects to recognize in the second half of 2025.

The layoffs come as Maravai posts a wider loss and lower revenue in the second quarter.

The company had a loss of $39.6 million, or 27 cents a share, compared with a loss of $9.79 million, or 7 cents a share, last year. Analysts polled by FactSet expected a loss of 17 cents.

Revenue decreased to $47.4 million, compared with $69.4 million last year. The results were aligned with analyst expectations.

Write to Natalie Weger at natalie.weger@wsj.com

(END) Dow Jones Newswires

August 11, 2025 17:31 ET (21:31 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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These costs consist primarily of employee severance and benefits costs, the majority of which Maravai expects to recognize in the second half of 2025. \n</p>\n<p>\n  The layoffs come as Maravai posts a wider loss and lower revenue in the second quarter. \n</p>\n<p>\n  The company had a loss of $39.6 million, or 27 cents a share, compared with a loss of $9.79 million, or 7 cents a share, last year. Analysts polled by FactSet expected a loss of 17 cents. \n</p>\n<p>\n  Revenue decreased to $47.4 million, compared with $69.4 million last year. The results were aligned with analyst expectations. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Natalie Weger at natalie.weger@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 11, 2025 17:31 ET (21:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRVI","symbol_name":"Maravai LifeSciences Holdings, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2558695360","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558695360","pubTimestamp":1754947860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Maravai LifeSciences plans to cut 25% of its workforce.The company's management committed to the workforce reduction on Friday as part of an organizational restructuring, the San Diego-based life sciences company said Monday.Maravai is expected to incur restructuring and related costs between $8 million and $9 million. 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These costs consist primarily of employee severance and benefits costs, the majority of which Maravai expects to recognize in the second half of 2025. \n\n\n  The layoffs come as Maravai posts a wider loss and lower revenue in the second quarter. \n\n\n  The company had a loss of $39.6 million, or 27 cents a share, compared with a loss of $9.79 million, or 7 cents a share, last year. Analysts polled by FactSet expected a loss of 17 cents. \n\n\n  Revenue decreased to $47.4 million, compared with $69.4 million last year. 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